The sale has a negative impact on the stock. The stock drop from $1.60+ to $1.1+. But the shares are sold at a price of $1.25 per share. This means at the current stock price are more than 10% discount. I think within 2 to 3 weeks the stock will go back to $1.50+.
StemCells, Inc.(NasdaqGM: STEM) After Hours: 1.11 0.02 (1.77%) 4:14pm ET Last Trade: 1.13 Trade Time: Nov 6 Change: 0.01 (0.88%) Prev Close: 1.14 Open: 1.13 Bid: 1.11 x 4000 Ask: 1.28 x 1100 1y Target Est: 3.00 Day's Range: 1.09 - 1.14 52wk Range: 0.80 - 3.07 Volume: 980,958 Avg Vol (3m): 1,402,690 Market Cap: 122.30M P/E (ttm): N/A EPS (ttm): -0.35 Div & Yield: N/A (N/A
<< StemCells Inc. said Wednesday it plans to raise approximately $12.5 million through the sale of about 10 million shares of its common stock.
Palo Alto-based StemCells (NASDAQ:STEM) said the shares will be sold to selected institutional investors at a price of $1.25 per share. The investors will also receive warrants to purchase approximately four million shares of common stock at an exercise price of $1.50 per share. >>